REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Listed by Cheyenne Womack, DRE #02064825 • Myunits.com Inc.
$ 3,195,000
Est. payment /mo
Active
1255 N Gower ST Los Angeles, CA 90038
6,508 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRBB26220362
Style Contemporary
Year Built 2021
Lot Size 6,508 Sqft
Source California Regional MLS
Property Description
1255 N Gower St is an exceptional opportunity to acquire a luxury new-construction 5-unit multifamily property in the heart of Hollywood. Featuring modern architecture, elevated designer finishes, custom built-ins, oversized windows, and thoughtfully designed interiors, this turnkey asset offers investors a high-quality, low-maintenance investment in one of Los Angeles' most desirable rental markets. Spanning approximately 6,091 square feet across two buildings, the property features four spacious 3-bedroom residences and one 2-bedroom unit, each offering stainless steel appliances, central HVAC, in-unit laundry, modern finishes, and balconies. All five units are currently leased at market rents, providing immediate cash flow and established rental income. All utilities are separately metered, and the property includes eight on-site parking spaces, helping minimize operating expenses and simplify management. Offered at $3,195,000, the property delivers a 5.40% cap rate, approximately $224,880 in annual gross potential rental income, and an attractive basis of $639,000 per unit. Ideally located near Larchmont Village, Melrose Avenue, Santa Monica Boulevard, and Hollywood Boulevard, the property benefits from proximity to Paramount Pictures, Sunset Gower Studios, Netfli
Location
State CA
County Los Angeles
Area C20 - Hollywood
Rooms
Kitchen Dishwasher, Freezer, Garbage Disposal, Microwave, Oven Range - Gas, Refrigerator, Oven - Gas
Interior
Heating Central Forced Air
Cooling Central AC
Flooring Laminate
Laundry Other, Washer, Dryer
Exterior
Pool None
View Local/Neighborhood
Building
Lot Description Grade - Level
Story Three or More Stories
Water District - Public
Architectural Style Contemporary
Others
Tax ID 5534004012
Special Listing Condition Not Applicable
Copyright 2026 MLSListings Inc All rights reserved.
Nearby Locations